American Creek Resources Announces $350,000 Financing
Cardston, November 26, 2019 - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation") today announced that it will be offering on a non-brokered private placement basis ("the Offering") up to 3,500,000 flow-through shares ("FT Shares") at a price of $0.10 per FT Share for proceeds of $350,000 if the Offering is fully subscribed.
The securities will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation.
Proceeds from the sale of the FT Shares will be used to incur expenditures which qualify as Canadian Exploration Expenses and will be spent on the Corporation's projects located in British Columbia.
A Finder's Fee of 7% in cash and finder's warrants may be paid associated with this financing.
This private placement is subject to approval by the TSX Venture Exchange.
About American Creek
American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia. Three of those properties are located in the prolific "Golden Triangle"; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.
Exploration, including a drill program, is presently underway on the Corporation's Dunwell project located near Stewart.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: info@americancreek.com. Information relating to the Corporation is available on its website at www.americancreek.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/50130